October Nonfarm payrolls declined 240,000, according to the Bureau of Labor Statistics. The decline, which exceeded Consensus expectations for a 198,000 drop, followed a revised 284,000 September decline that was much deeper than [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
Global| Nov 07 2008U.S. Payrolls Off 240,000 in October; 6.5% Jobless Rate Highest Since 1994
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2008
U.S. Payrolls Off 240,000 in October; 6.5% Jobless Rate Highest Since 1994
October Nonfarm payrolls declined 240,000, according to the Bureau of Labor Statistics. The decline, which exceeded Consensus expectations for a 198,000 drop, followed a revised 284,000 September decline that was much deeper than [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 06 2008
U.S. Productivity Growth Weakened and Unit Labor Costs Surged
Labor productivity in the nonfarm business sector rose 1.1% last quarter. That gain was down by two-thirds from the 2Q increase and by half from 1Q. Nonetheless, the y/y gain of 2.0% remained nearly the quickest since 2004. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 06 2008
U.S. Jobless Insurance Claims Remained Elevated
The job market remains weak.That's the message from the figures covering initial claims for jobless insurance. Last week, they held roughly steady at 481,000 with an upwardly revised reading of 485,000 during the prior week. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 06 2008
U.S. Jobless Insurance Claims Remained Elevated
The job market remains weak.That's the message from the figures covering initial claims for jobless insurance. Last week, they held roughly steady at 481,000 with an upwardly revised reading of 485,000 during the prior week. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2008
U.S. ISM Nonmanufacturing Index Fell Sharply: Recession Indicated
The Composite Index for the nonmanufacturing sector from the Institute for Supply Management fell sharply in October. It declined to 44.4 from an unrevised 50.2 during September. The figure, which was weaker than Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2008
U.S. Challenger Layoffs Highest Since 2004
According to the Challenger, Grey & Christmas survey, layoffs jumped last to their highest level since January of 2004. The rise to 112,884 was a near-doubling from last October and the three-month level layoffs at 98,905 was its [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2008
ADP Report: Payroll Employment Off 157,000
The payroll processor ADP indicated in its latest National Employment Report that October private nonfarm payrolls fell 157,000 after a revised 25,000 September decline. The latest was the third decline in as many months and it was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2008
U.S. ISM Nonmanufacturing Index Fell Sharply: Recession Indicated
The Composite Index for the nonmanufacturing sector from the Institute for Supply Management fell sharply in October. It declined to 44.4 from an unrevised 50.2 during September. The figure, which was weaker than Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2008
U.S. Gasoline Prices Lowest Since March '07 As Demand Falls
The retail price for a gallon of regular gasoline fell by another twenty five cents last week. According to the U.S. Department of Energy survey, the price decline came on top of a twenty five cent drop during the prior week and the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2008
Vacant Auto Showrooms; U.S. Light Vehicle Sales Lowest Since 1983
Auto showrooms were notably quiet last month as U.S. sales of light vehicles fell to 10.56 million units (AR). The figure was the lowest level since February, 1983 according to the Autodata Corporation and Ward's Automotive News [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2008
Vacant Auto Showrooms; U.S. Light Vehicle Sales Lowest Since 1983
Auto showrooms were notably quiet last month as U.S. sales of light vehicles fell to 10.56 million units (AR). The figure was the lowest level since February, 1983 according to the Autodata Corporation and Ward's Automotive News [...]
by:Tom Moeller
|in:Economy in Brief
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